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Tesla is reportedly laying off more than 10 percent of its workforce

Tesla is reportedly laying off more than 10 percent of its workforce

[ad_1] Tesla has joined the litany of companies that have conducted sweeping layoffs in recent times. First reported by Electrek and since corroborated by Reuters the Washington Post and the New York Times, the company is firing “more than 10 percent” of its workforce; the company had more than 140,000 employees as of December 2023. The publication … Read more

Best Buy’s Geek Squad agents say they were hit by mass layoffs this week

Best Buy’s Geek Squad agents say they were hit by mass layoffs this week

[ad_1] Geek Squad agents have been flooding Reddit with images of their badges and posts about “going sleeper” after the company reportedly conducted mass layoffs this week. A former employee who spoke to 404 Media said they were sent an email notifying them to work from home on Wednesday and were then called individually to … Read more

Apple cuts over 700 jobs following its car and display project closures

Apple cuts over 700 jobs following its car and display project closures

[ad_1] Over 700 people at Apple have recently lost their jobs, according to the latest WARN report posted by the Employment Development Department of California (EDD). Most of the people who were laid off worked at Apple’s offices in Santa Clara, with 371 of them coming from the company location that primarily dealt with the … Read more

PlayStation is laying off 900 staff across Naughty Dog, Insomniac and other studios

PlayStation is laying off 900 staff across Naughty Dog, Insomniac and other studios

[ad_1] It’s another bleak day for the gaming industry as there’s more news of . This time around, its that’s gutting its studios. Sony Interactive Entertainment (SIE) it’s laying off around 900 staff from its PlayStation division, roughly 8 percent of that department’s headcount. Insomniac (Spider-Man and Ratchet and Clank), Naughty Dog (The Last of … Read more

Until Dawn and The Quarry developer Supermassive is reportedly laying off around 90 workers

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[ad_1] Yet another notable game studio is laying off a significant chunk of its workforce. Supermassive Games, the developer behind interactive horror titles and , is cutting around 90 jobs, according to . That’s nearly a third of the studio’s more than 300 employees. Supermassive confirmed that the studio will reorganize. “As a result, we … Read more

Rivian is laying off 10 percent of its salaried employees

Rivian is laying off 10 percent of its salaried employees

[ad_1] Electric car maker Rivian announced on Wednesday that it’s laying off 10 percent of its salaried workforce to cut costs after facing a quarterly loss. The Amazon-backed company reported that it lost $1.5 billion in the fourth quarter of 2023 and said that it expects to build 57,000 electric vehicles in 2024, the same … Read more

Instacart cuts 250 jobs after reporting increased revenue

Instacart cuts 250 jobs after reporting increased revenue

[ad_1] Another day, another layoff occuring in the tech world. Instacart, the popular grocery delivery and pick-up service has announced the termination of 250 employees — about seven percent of its workforce. The layoffs are primarily individuals in management, as Instacart told Engadget that it was moving towards a flatter organization. The company also said … Read more